My First Comment Referencing Political Comments

[skolbe]

http://www.tradeonlytoday.com/home/502366-obama-takes-heat-for-boat-buying-comment

During a speech Tuesday in New Hampshire, President Barack Obama made some comments about fiscal responsibility that have riled some in the boating industry and Las Vegas.

"This isn't how responsible families do their budgets," Obama said. "When times are tough, you tighten your belts. You don't go buying a boat when you can barely pay your mortgage. You don't blow a bunch of cash on Vegas when you're trying to save for college. You prioritize. You make tough choices. And it's time your government did the same."

The comments drew ire from Las Vegas mayor Oscar Goodman, who said, "I'll do everything I can to give him the boot," Goodman said of Obama. "This president is a real slow learner."

A year ago, Obama said at a town hall in Indiana that corporations shouldn't use federal bailout money for trips to Las Vegas. That comment also didn't sit well with city officials.

Obama reportedly sent Senate majority leader Harry Reid, a Nevada native, a letter explaining he was trying to make a point about not overspending in a tight economy.

"There is no place better to have fun than Vegas," Obama wrote, "one of our country's great destinations."

 

[Converse48]

If you remove the politics and the vitriol, the actual statement "You don't go buying a boat when you can barely pay your mortgage" is really not so outlandish!

But I understand why some may take offense.

 

[skolbe]

If you remove the politics and the vitriol, the actual statement "You don't go buying a boat when you can barely pay your mortgage" is really not so outlandish!

But I understand why some may take offense.

I agree, in today's environment I suspect if you can't afford a boat, the bank won't lend you the money, because there are folks that can afford a boat but probably are being turned down as well. I think some accountability for consumers is important - I don't want to see any more repo'd boats out there. It is not good for boat owners or the industry. I suspect that the market conditions have lowered the value of my boat by 20 to 30k more than the usual depreciation curve on my boat.

 

[Tonka Boater]

It's not that his comments were incorrect. The problem is that he all too often disparages his own country in order to illustrate his position. He should be promoting and building the image of our country in everything he says and does. Boating and Vegas are major assets to the U.S. economy -- he should have chosen different examples. Maybe he could have said "Don't buy a Hyundai if you can't pay your mortgage...and don't take a European vacation."

 

[highslice]

Here's where Obamer's analogy fails: Struggling families have to cut spending. They can't just raise their income. Obamer doesn't want to cut spending, just freeze it. And a big tenat of his budget is significantly increasing taxes (income), further crushing a struggling economy.

On a side note, what's this bs about targeting the "rich". Rich is defined as individuals making over $200,000 and couples making $250,000. I may get divoreced, not because I don't love my wife, but as a tax planning strategy. I think she'll go along with it when she see's how much money we'll save...:smt009:grin:

 

[Mr Salt]

It is about time that Mr. Obama listen to his own words. We are all expected to tighten our belts and yet the business he operates is lossing its belt by getting even fatter. When you need to borrow 1/3 of the money that you need to operate that is just wrong. Try and run your household and business like that and see how long it lasts. Just another example of the government saying do as I say not as I do. The USA is in big trouble.

 

[bmac]

......On a side note, what's this bs about targeting the "rich". Rich is defined as individuals making over $200,000 and couples making $250,000. I may get divoreced, not because I don't love my wife, but as a tax planning strategy. I think she'll go along with it when she see's how much money we'll save...:smt009:grin:

Tim

You're a genius. :smt038I'm rushing home tonight with that plan. Damn, I wish i had thought that one up. This is just what I need. Now my wife (soon to be ex, once she sees the benefits) won't have to cut back on her spending, she'll have almost twice as much money now that we can avoid the wealthy tax. She'll be happy to know we're not Rich anymore, just divorced :smt101....oh wait a minute, she doesn't work. I'll still have to split the $400k, now she'll get half and Obama will get the other half. :smt021 Sigh.

 

[tdschafer]

Tim

You're a genius. :smt038I'm rushing home tonight with that plan. Damn, I wish i had thought that one up. This is just what I need. Now my wife (soon to be ex, once she sees the benefits) won't have to cut back on her spending, she'll have almost twice as much money now that we can avoid the wealthy tax. She'll be happy to know we're not Rich anymore, just divorced :smt101....oh wait a minute, she doesn't work. I'll still have to split the $400k, now she'll get half and Obama will get the other half. :smt021 Sigh.

Hey Brian , Not so fast......remember the attorney is gonna want his share too!

 

[Four Suns]

If you have a single income family, you can get divorced and one can collect welfare, medicaid, etc.

 

[The Bill Collector]

If you have a single income family, you can get divorced and one can collect welfare, medicaid, etc.

And then we all get to pay for it...........:smt013:smt100:smt013

 

[MaddyDean]

What he should have said was, Go buy a Boat, go to Las Vegas...my administration will not only freeze spending we will reduce it...then My administration will go ever further with the Bush tax cuts and reduce them even more.

So my administration wants you to go and spend...buy that boat...go play with those slots (I said slots). Build on these industries and other industries that provide goods and services that you, the great American people, deserve.

Create a quality of life that is envied by the world. These industries will then create jobs, why? Because their business will boom and they know they can afford to create jobs as MY administration will not penalize them for their success.

When you the people have more, of your hard-earned money you will spend it to create a quality of life for your family and the tax revenue that my administration needs; is generated by the people that buy these goods and services. Therefore, I encourage you to seek out and pursue Life, Liberty and Happiness.

But instead, he said, DON'T...because MY ADministration is going to increase your taxes and you won't have any money to pay for even the gas. And his tax increases are not just on the $200-K so called rich, it is on people making as little as $37-K—that is certainly not rich

This is why people are and should be upset about such an irresponsible comment from the Commander in Chief

 

[Pseudomind]

.



But instead, he said, DON'T...because MY ADministration is going to increase your taxes and you won't have any money to pay for even the gas. And his tax increases are not just on the $200-K so called rich, it is on people making as little as $37-K—that is certainly not rich

This is why people are and should be upset about such an irresponsible comment from the Commander in Chief

Well stated, and believe you me I tell folks and I also write my senators. I have already written about this supposed budget and the buffoons in D.C.

Many have not done there taxes, yet , but they will be surprised when they do file

If one thinks they are F'ked now wait until the Commander-in-Grief" puts this budget crap and the Bush tax credits expire...Good bye Middle class.:smt013

Thsi country is more communists oriented then even the communist were, and Home Land Security, and big Gov-Mint feeds it more.:smt013

 

[wish2fish]

ummmm........what is the government doing? :huh:


They certainly aren't tightening their belt!

 

[JediJD]

What he should have said was, Go buy a Boat, go to Las Vegas...my administration will not only freeze spending we will reduce it...then My administration will go ever further with the Bush tax cuts and reduce them even more.

So my administration wants you to go and spend...buy that boat...go play with those slots (I said slots). Build on these industries and other industries that provide goods and services that you, the great American people, deserve.

Create a quality of life that is envied by the world. These industries will then create jobs, why? Because their business will boom and they know they can afford to create jobs as MY administration will not penalize them for their success.

When you the people have more, of your hard-earned money you will spend it to create a quality of life for your family and the tax revenue that my administration needs; is generated by the people that buy these goods and services. Therefore, I encourage you to seek out and pursue Life, Liberty and Happiness.

:smt038 I would have applauded that speech.

 

[comsnark]

Well, count me as one that hasn't done taxes yet.

What taxes are you talking about having gone up? Seriously. . this isn't a politically biased question. . . I honestly don't know. I thought the Bush tax cuts were expiring effective next year's returns?

 

[VTSeaRay]

:smt038 I would have applauded that speech.

These speeches are still being written by folks that believe in spreading the wealth... that if one person can't go to vegas or buy boats, than no one should be able to.

 

[comsnark]

What he should have said was, Go buy a Boat, go to Las Vegas...my administration will not only freeze spending we will reduce it...then My administration will go ever further with the Bush tax cuts and reduce them even more.

So my administration wants you to go and spend...buy that boat...go play with those slots (I said slots). Build on these industries and other industries that provide goods and services that you, the great American people, deserve.

I think we just saw 8 years of that kind of talk.

And what did we get? Eight years of increasing budgets outside of defense coupled with huge defense increases to conduct the nation's defense with hardly any plan whatsoever. An increasing income/revenue gap. Not to mention a generation of kids that have no concept of "savings".

And you heard nary a peep out of the "fiscally conservative" Republican party regarding the prolifigate spending of that day. Nary a peep regarding a huge, unfunded, perscription drug benefit that bascially outlaws price competition.

And you wonder why the country turns and throws them out for the next thing that comes along? Because even if you think the new guy MIGHT be lying. . .you KNOW the old guys were lying.

And when the new guy's fail to walk the walk. . .they will ALSO get thrown out of office.

So here's to hoping for Republican wins in November, so that not only will the Tom Foolery of the Democrats will be stopped, but so that the spend-spend-spend Republicans can (once again) be stymied by a Democratic executive with a Veto pen.

And let's hope Obama wins in 2012, while facing a Republican house and Senate. Because I don't think the country could afford to have a solid spend-spend-spend Republican legislature with a Republican rubber stamp President.

 

[Pseudomind]

(Jimmy Carter, rejoice! You are no longer the worst president in the history of the good 'ol USA)

And here I thought I was the only one who felt that way...God this individual and those other skanks, cannot be gone soon enough Pelosi, Franks, Reid...It may be me, but when I see some of them on the air...this term comes to my mind..."Three sheets in the wind!" :smt013

 

[HUMPH]

But he's a good speaker. He can talk half of America out of anything. I personally have always thought he is way to condescending in the way he speaks. It drives me nuts to watch!

BTW Scott, if Indy loses will you change your profile picture...please?

 

[C-SIDE]

A few points:

1 - the Colts are going down
2 - You guys who are complaining about your taxes. It doesn't add-up. No significant changes occurred in 2009 from 2008. Perhaps you just made more money and your deductions are phasing out
3 - there should be a law that bans any one party from ruling the white house, congress and the senate. i think history has shown when this happens, its more of a mess
4 - Obama should be fired
5 - Pelosi should be fired. If she were any smarter, she'd bark.
6 - Reid actually used to be a Blue Dog, go figure. He should be fired
7 - Frank should be fired
8 - Nothing will happen until there is a severe crisis and that my friends is 5 years off. You think its bad now, just wait

Invest in emerging markets and commodities

Cheers,
Chris